Bookrunner JMP and lead manager Ladenburg Thalmann assist with sale
By Devika Patel
Knoxville, Tenn., June 19 – Five Oaks Investment Corp. said it priced a public sale of stock to raise net proceeds of $38.25 million with a 15% greenshoe of 525,000 shares. The deal was announced Wednesday.
The company will sell 3.5 million common shares.
JMP Securities LLC is the bookrunning manager.
Settlement is expected June 24.
Proceeds will be used to purchase mortgage assets.
Five Oaks is a New York-based real estate investment trust focused on investing, financing and managing a portfolio of RMBS and MBS.
| Issuer: | Five Oaks Investment Corp.
|
| Issue: | Common shares
|
| Amount: | $38.25 million
|
| Greenshoe: | 525,000 shares
|
| Shares: | 3.5 million
|
| Warrants: | No
|
| Bookrunner: | JMP Securities LLC
|
| Lead manager: | Ladenburg Thalmann
|
| Co-manager: | Mitsubishi UFJ Securities
|
| Announcement date: | June 18
|
| Pricing date: | June 19
|
| Settlement date: | June 24
|
| Stock symbol: | NYSE: OAKS
|
| Stock price: | $11.89 at close June 18
|
| Market capitalization: | $120.79 million
|
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